ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $11.91, but opened at $13.34. ProShares Ultra Bitcoin ETF shares last traded at $13.49, with a volume of 4,635,631 shares.
ProShares Ultra Bitcoin ETF Price Performance
The stock has a fifty day simple moving average of $9.43 and a two-hundred day simple moving average of $11.80.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in ProShares Ultra Bitcoin ETF by 16.0% during the 1st quarter. NewEdge Advisors LLC now owns 38,817 shares of the company’s stock valued at $1,292,000 after purchasing an additional 5,355 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in ProShares Ultra Bitcoin ETF in the 2nd quarter worth $390,000. Advisory Services Network LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 3rd quarter valued at about $111,000. EverSource Wealth Advisors LLC boosted its position in ProShares Ultra Bitcoin ETF by 98.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 49,687 shares of the company’s stock valued at $1,098,000 after buying an additional 24,680 shares during the last quarter. Finally, Winnow Wealth LLC boosted its position in ProShares Ultra Bitcoin ETF by 99.1% in the 4th quarter. Winnow Wealth LLC now owns 2,282 shares of the company’s stock valued at $52,000 after buying an additional 1,136 shares during the last quarter.
ProShares Ultra Bitcoin ETF Company Profile
The ProShares UltraBitcoin ETF (BITU) is an exchange-traded fund that is based on the Bloomberg Bitcoin index. The fund tracks 2x the daily price movements of an index that measures the price of Bitcoin. The fund uses swaps to provide leveraged exposure to Bitcoin. BITU was launched on Apr 2, 2024 and is issued by ProShares.
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